Exemptions for interests in mutual funds, unit investment trusts, and employee benefit plans.

CFR · 2024-01-01 · US · Title 5

(a) (b) (2)(i) An employee may participate in a particular matter affecting one or more holdings of a sector mutual fund or a sector unit investment trust where the disqualifying financial interest in the matter arises because of ownership of an interest in the fund or the unit investment trust and the aggregate market value of interests in any sector fund or funds and any sector unit investment trust or trusts does not exceed $50,000. (ii) For purposes of calculating the $50,000 de minimis amount in paragraph (b)(2)(i) of this section, an employee must aggregate the market value of all sector mutual funds and sector unit investment trusts in which he has a disqualifying financial interest and that concentrate in the same sector and have one or more holdings that may be affected by the particular matter. (c) (1) Any particular matter affecting one or more holdings of an employee benefit plan, where the disqualifying financial interest in the matter arises from membership in: (i) The Thrift Savings Plan for Federal employees described in 5 U.S.C. 8437; (ii) A pension plan established or maintained by a State government or any political subdivision of a State government for its employees; or (iii) A diversified employee benefit plan, (A) The investments of the plan are administered by an independent trustee, and the employee, or other person specified in section 208(a) does not participate in the selection of the plan's investments or designate specific plan investments (except

official document · source cfr-2024 · id 5:§ 2640.201